ICICI Lombard vs Niva Bupa: share price, P/E, ROE and financials compared
ICICI Lombard General Insurance Company
Niva Bupa Health Insurance Company
ICICI Lombard and Niva Bupa at a glance
ICICI Lombard and Niva Bupa are both listed in Financial Services. ICICI Lombard is the larger by market cap, at ₹82,393 Cr against ₹14,080 Cr for Niva Bupa (5.9 times as large). On valuation, ICICI Lombard has the lower P/E (32.4× against 39.0×), while Niva Bupa has the lower price-to-book (3.67× against 3.94×). On returns and margins, ICICI Lombard has the higher ROE (13.6% against 12.1%). Over three years, Niva Bupa has faster 3-year profit growth (+118.4% against +17.0% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | ICICI LombardICICIGI | Niva BupaNIVABUPA |
|---|---|---|
| Price (₹) | 1,649.00 | 76.08 |
| Market cap (₹ Cr) | 82,393 | 14,080 |
| P/E | 32.4× (the lower figure, shaded) | 39.0× |
| P/B | 3.94× | 3.67× (the lower figure, shaded) |
| Dividend yield, trailing | 0.85% (the higher figure, shaded) | 0.00% |
| ROE | 13.6% (the higher figure, shaded) | 12.1% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 8.8% (the higher figure, shaded) | 4.8% |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +17.0% | +118.4% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 2,555 | – |
| 1Y return | −20.6% | +0.5% (the higher figure, shaded) |
| Promoter holding | 51.28% | 55.29% |
ICICI Lombard vs Niva Bupa: common questions
Which is bigger, ICICI Lombard or Niva Bupa?
By market cap, ICICI Lombard is bigger at ₹82,393 Cr, against ₹14,080 Cr for Niva Bupa (prices as of 6 Nov 2026).
Which has a lower P/E ratio, ICICI Lombard or Niva Bupa?
ICICI Lombard trades at a P/E of 32.4× and Niva Bupa at 39.0×. ICICI Lombard has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, ICICI Lombard or Niva Bupa?
ICICI Lombard reports a return on equity of 13.6% and Niva Bupa 12.1%. ICICI Lombard has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, ICICI Lombard or Niva Bupa?
Over the last three years: profit grew +17.0% a year at ICICI Lombard and +118.4% at Niva Bupa, so Niva Bupa grew profit faster. Past growth doesn’t predict future growth.